FedEx announced its 2021 rate schedule, once again with a 4.9% increase for its ground, express and home delivery services, lower than some observers had expected, and the addition of a late fee for unpaid invoices, which UPS has had in place for years. FedEx is also adding surcharges for high cost and out-of-the-way areas.
FedEx has announced its general rate increases for 2019, bumping up its ground, express and home delivery services by an average of 4.9% as of Jan. 7, while also adding some holiday season surcharges and increasing others next year. Rival UPS has yet to announce its 2019 rates.
Understanding the fuel surcharges from the major carriers can be a tricky proposition. While FedEx has yet to make a grand announcement, both carriers reserve the right to regularly review their fuel pricing. How much are your fuel charges increasing? Learn how the new rates from FedEx stack up vs. main rival UPS.
Effective Feb. 2, UPS raised its fuel surcharge rates for ground and air services, as did rival FedEx.
As it is losing money from fuel surcharge revenue due to falling oil prices, FedEx plans to increase its fuel surcharge rates on Feb. 2, effectively putting them in line with rates from rival UPS.